Employee Retention: Strategies and Organizational Improvements

This report delves into the critical topic of employee retention, examining its importance and the various factors influencing it. The report explores the significance of employee retention in terms of productivity, quality, and cost reduction, highlighting the negative impacts of high turnover rates. I...Read More

Discuss retention and how
organizations can improve
employee retention

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Importance of employee retention..........................................................................................3
The aspect of employee retention...........................................................................................4
Reasons for employee retention.............................................................................................4
Ways to retain employee........................................................................................................4
Strategy for employee retention.............................................................................................5
REFLECTION.................................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
For any company, employees are the biggest asset to the organization. People
management also refers to human resource management which has a different task like
recruitment, management and providing direction and support to the employees of that
organization to perform the task. They need to include performance management, hiring,
compensation, safety, benefits, wellness organization development, employee motivation,
administration training and communication. Employee retention is the ability for retaining
employees in an organization. This is the effort by an organization to retain and attend to their
employees in the workplace. For this, there is the use of different strategy which can provide a
better outcome in employee retention. In this report, there is a discussion about the importance of
employee retention, the Aspect of employee retention, different reasons for quitting the job, ways
and strategy for retaining employees at the workplace (Najeeb, 2018).
MAIN BODY
Importance of employee retention
Employee retention refers to a critical issue for any company which is there to compete
for talent in the economy. This can lead to provide focus on employee retention which generally
affects the turnover of the company. This retention can increase the productivity of the company
along with quality. So, there is a need to focus on the reduction in turnover to provide
organizational benefit. High employee turnover rates can harm an organization's ability for
carrying out its mission due to impairment of continuity and loss of knowledge. This also creates
a high cost for replacing workers and employees. This can lead to diminished productivity and
loss of the competitive advantage which creates a big loss to the organization. Department can
feel low morale which leads to creating the situation when more employees leave the
organization. So. there is a need to make some strategy which can help to employee retention.
Employee retention can also provide importance in cohesion and team building in the workplace.
This leads to creating trust in an organization (KUMAR, 2018).
The aspect of employee retention
Employee experience and employee engagement create the most important strategy for
retaining valuable employees along with maintaining a relationship with employees. Employees

have feelings that belong to their value of voice in an organization. This can lead to provide
importance to managers and leads to high employee retention.
Reasons for employee retention
There are various reasons for quitting a job for an employee which creates to take this
hard decision. There are some of the reasons are discussed further.
Radius company cost- For retaining skill and reliable employees in the financial term,
can provide high benefit to the organization. Providing training to a new employee can be
expensive and time-consuming. This can increase the average expenses of the organization and
can increase employee turnover costs. So, there is a need to retain employees in an organization
(Ogony, 2018).
Reduced training time- When any company has high retention of the employee then
there is no need to provide better training to a new employee. Due to this, this can leads to a
decrease in the training time and leads to perform better advantage to the employee. This can
lead to provide effective communication channels and create more time for the project work.
Sustained productivity flow- Professional who are in an organization can perform well
and provide better products to the organization. When employee retention is high, this can
provide no need to train an employee and this can lead to performing well to every individual to
give their best in productivity instead of providing training.
Ways to retain employee
It is known that there is a need to retain employees in an organization for better
productivity and decrease the company cost which can provide more benefit to the organization.
There is a need to make some plan which can help to retain employees in the organization. For
every individual deciding about leaving their job is difficult enough. For every individual, it
takes a lot of mapping and thinking in every possible way before taking a bigger step. Due to
some reason, employees quit their job which can be either professional or personal. As a
personal reason employees have the chance or an option to disclose or keeping it personal
(Karim, 2019). There are some of the key drivers of employee retention which can make them
stay at the organization. These are a Healthy work environment, reward and recognition, healthy
relationship with the manager, flexibility, competitive compensation, reward and recognition, the
scope for growth and development. These are some of the main reasons for which employee quit

their job. So, the company needs to focus on such a type of reason which can make an employee
leave your job.
Strategy for employee retention
To retain employee, it is difficult for every organization but this is also one of the most
important parts in an organization on which they must focus on for lowering the company cost
and higher productivity of the organization (Aldhukair, 2021).
Employee well-being- Health is wealth. This is the one which can create employee retain
in the organization when the company can provide a health benefit to their employees. This can
make them feel secure and provide the satisfaction of full-feeling of some need which is
regarding their safety and well-being. So, the company needs to provide some Health Insurance
that can lead to making them satisfy about their safety at their workplace. It highly needs to make
employees physical or mentally healthy. To make this possible, they need to make some
strategies that can help employees for their well-being. This can include fitness activity.
Rewarding effort not only results- Every employee works hard at their workplace but
continuously hard work can make them tired of continuously working. Company managers need
to make them motivated. This can only be done by the smallest part which can provide an
employee to appreciate and by motivating. This can lead to making them work hard happily.
This is the rewarding effort of every employee. This makes employees get motivated when they
see that company is recognizing their effort. Rewarding and appreciating them motivate them for
working hard in their workplace. Every employee likes to get an appreciation for their hard
work. So, the company should reward this effort of employees that can make them work harder
(Saleem, 2017).
Altering work responsibility- Doing the same work leads to create tedious and boring
which every individual dislikes. In this case, the employer needs to make some changes in
employee's work which can provide them some new responsibility and new learning. It provides
new challenges which should be interesting and can lead to motivate them to interact with other
person and generate a better idea. This can help their personal growth and creates challenges for
them and creates boost up in their energy and leads to excitement. For their new responsibilities
which then like to perform very well for this responsibility.
Practicing feedback culture- Regular feedback and suggestions can able to help an
employee to stay connected with the organization. This can lead to reducing anxiety and stress at

the workplace and also helps the employee to share their suggestion with the organization. This
increases the reduction in the communication gap and provides a solution to any conflict in an
easy manner. This leads to increased loyalty and trust towards the company (Ogbu, 2017).
Training and career development- This is the one which makes employee retain in
organization due to providing them different training opportunity which can motivate them to
stay in that organization. This leads to providing them better career development and the
opportunity to learn different skills. This can also help a long-term employee to use some new
method and specialization which can make work easy and in a unique manner. This also leads to
an increase in the productivity of the company and provides high profit.
Providing compensation and benefits- This is the one that directly attracts employees
which is regarding salary and some basic benefits. This includes an increase in their salary, extra
pay for extra work, Health Insurance, incentives, discount in a wellness program. Offering this
incentive makes them stick around the organization. This can provide a boost in their energy and
make them work hard for the organization. According to performance, there is a need to provide
some reward to their employee which can be either monetary or non-monetary. This is the way
to appreciate employees and make them feel that they are valuable to the company. This creates
respect and trust towards the company and helps to retain in the organization (Coetzer and
Standing, 2018).
From the above discussion, it can help to provide a better strategy that can help to
provide some better and effective strategy for retaining employees in an organization.
REFLECTION
I have developed different skills and personal development that have provided some
benefit during my academic time and going to use those in my personal and professional life. I
have participated in my class in different activities which have provided many experiences for
my personal and professional life. I have learned many things from participating and performing
my role in activities. I have learned much theoretical learning from my subject and some of the
practical learning also which is due to learning from the different subject which I have studied. I
have also learned different skills due to participating in different activities in classes. I have
gained communication skills, leadership skills, decision-making skills, problem-solving skills
and management skills (Zhao, 2021). I had not such type of skill before participating in different
activities. I have generally participated in project work activities in my classes. The project was

to complete in 2 months and with the help of 5 students. For completing this project work I had
to make teamwork with the other four students which made me get better communication and
management and leadership skill that I have learned and get benefited from during my academic
class. I am going to use these skates in my professional life. For quickly completing the project
work, I and my project partner have created different ideas for completing project work. From
many, we have to choose one and worked on this. For completing the project work we had to
work as a team which created team working skills. Every team member has their role to play in
the complete project which is due to distributed to every team member to a different part of the
project. This helps to collect resources that help to complete the project. This help to create easy
and effective results for the project and also includes the communication skill for which we
communicated with each other for help in each other task. This provides better and effective
results for the project work. Managing a team is quite a hard task for which is highly need to
make efforts for team members and provide more time for providing help and solving conflict
between team members. There was a different problem during the completion of the project
work. I have learned there, that how to manage and learn problem-solving skills. This is
regarding any conflict which can help to provide me the skill of management and decision-
making skill. I have participated in many activities in classroom which leads to providing me
better and different skill which I have learned and which can use in my personal and professional
life. I have learned this skill as an independent learner as my own. This is by managing my team
and using my decision-making skill which helped me to solve the conflict between team
members and take better decisions for effective results (Saputri, 2019).
CONCLUSION
From the above discussion, it can be concluded that there is a high need for employee
retention in an organization which is for getting high benefit in productivity and decreasing time
for proving training and reducing the employee turnover. In this report, there is a discussion
about the importance of employee retention, aspect of employee retention, ways and different
strategy which can have a high impact on the company regarding employee retention. There are
also discussed the reason which made employee for quitting their job which can be personal or
professional. There is also a reflection on the skills which has been learned during academic and
can be used in personal as professional life.

REFERENCES
Books and Journals
Aldhukair, 2021. EMPLOYEE TRAINING AND DEVELOPMENT FOR IMPROVED
PERFORMANCE. PalArch's Journal of Archaeology of Egypt/Egyptology, 18(12),
pp.107-116.
Coetzer and Standing, 2018. Job embeddedness and employee enactment of innovation-related
work behaviours. International Journal of Manpower.
Karim, 2019. Impact of different training and development programs on employee performance
in Bangladesh perspective. International Journal of Entrepreneurial Research, 2(1), pp.8-
14.
KUMAR, 2018. DIMENSIONS OF EMPLOYEE TURNOVER FACTORS IN SOFTWARE
COMPANIES IN INDIA. CLEAR International Journal of Research in Commerce &
Management, 9(4).
Najeeb, 2018. The impact of Knowledge Management (KM) and Organizational Commitment
(OC) on employee job satisfaction (EJS) in banking sector of Pakistan. International
Journal of Management Excellence, 11(1), pp.1476-1491.
Ogbu, 2017. The effect of compensation on employee performance in Nigeria civil service: A
study of Rivers State board of internal revenue service. Journal of Strategic Human
Resource Management, 6(2), p.8.
Ogony, 2018. Factors causing employee turnover in the public service, South Africa. Journal of
Management & Administration, 2018(1), pp.77-100.
Saleem, 2017. An investigation of the antecedents of turnover intentions and job hopping
behavior. South Asian Journal of Business Studies.
Saputri, 2019. Improving Students' Critical Thinking Skills in Cell-Metabolism Learning Using
Stimulating Higher Order Thinking Skills Model. International Journal of
Instruction, 12(1), pp.327-342.
Zhao, 2021. A Whole New World: A Medical Student’s Reflection on the Moments Before
Surgery for Breast Cancer. Journal of Cancer Education, pp.1-2.